Posted by offshore > 2017-06-13 08:36 | Report Abuse

Price will drop once the right issue is given to shareholders. Based on current price of 0.515, the price will drop to around 0.35 (known as theoretical ex right price). In order to be neutrally impacted by this price drop, shareholders must subscribe to the right share at 0.30 so that the average cost is also reduced at the same time. Shareholders can also sell the right issue but I doubt it will command much value and need to sell within 5 workings days normally. If you do nothing, you will lose out on the discounted value.

Posted by Pmaster > 2017-06-13 20:19 | Report Abuse

I think finally the umw wont give the umwog share to the shareholdee

Posted by Pmaster > 2017-06-13 20:21 | Report Abuse

Now umw own 55% of umwog share , how to give the umw shareholder for free ?

Posted by offshore > 2017-06-13 23:26 | Report Abuse

Umw will give out the shares of Umwog as dividend. Already approved in umw's egm. Umwog is too big for umw to hold and consolidate its liabilities into umw. It will severely affect umw's gearing besides dragging its financial result down. I am sure very about this ever since from the beginning. It is by giving out the umwog shares that pnb can hold umwog directly and thereafter, underwrite the entire right issue.

Posted by steveooikp > 2017-06-14 15:39 | Report Abuse

this counter does not look good.... wtf....
30 sen... scary... from few rm become 30 sen... wtf lah...
where got so bad? playing a fool company?
see dialog, see coastal --- still making money mah.

Posted by Pmaster > 2017-06-14 15:58 | Report Abuse

Many people lose big big money in this counter !

Posted by steveooikp > 2017-06-14 15:59 | Report Abuse

I am not happy with this umw....
something is not right ....

Posted by offshore > 2017-06-14 22:52 | Report Abuse

Dialog got downstream, not so much affected. Coastal also badly affected from RM3 now is RM1 something. This umwog just keep on buying asset during the good times without doing a stress test on their investment model. Well, when there is always pnb behind them, what is there for them to worry.

Posted by offshore > 2017-06-15 23:25 | Report Abuse

The Fed has increased the interest rate. Those oil and gas companies heavily in USD debt will have to pay more interest.

Posted by Pmaster > 2017-06-19 10:07 | Report Abuse

Dun buy this year

Posted by stevenkhoo > 2017-06-19 10:12 | Report Abuse

don't look promising even at 30cts

Posted by JamesPond > 2017-06-19 10:55 | Report Abuse

Funny counter and weird investors. When investment banks were quoting TP between 68 to 80sen everyone were trading at around 91 to 95sen (above TPs). Now IB 54 to 91 sen not many buyers dares to buy at 50.5sen(below TPs).

Posted by Pmaster > 2017-06-19 11:36 | Report Abuse

Jamespond , no body interested at 0.50 becos the right share price just
Only 0.30 and free warrant , who want to buy 0.50 so high price ?

Posted by JoshuaMS7 > 2017-06-19 15:00 | Report Abuse

omg ... keep dropping for historical low everyday

Posted by Seng Thye Ng > 2017-06-19 15:43 | Report Abuse

stupid counter....better sales sales sales...below 0.45
soon soon soon

Posted by nikicheong > 2017-06-20 12:59 | Report Abuse

We shall be buying at RM0.42. Rights issues always create short-term havoc (for good reason). But once we get past that, UMWOG should be on a road to recovery. No point rushing, it will fall lower still. Buy it at truly depressed valuations.

Posted by offshore > 2017-06-20 14:41 | Report Abuse

Egm likely end of July now.

Posted by xiaogumin88 > 2017-06-20 17:15 | Report Abuse

historical low

Posted by xiaogumin88 > 2017-06-20 17:16 | Report Abuse

agree with nikicheong, i think UMWOG will bounce back after RI

Posted by berjaya > 2017-06-20 21:32 | Report Abuse

UMW HOLDINGS BERHAD
Distribution of 1,204,777,400 ordinary shares in UMW Oil & Gas Corporation Berhad ("UMW-OG") ("Distribution Shares"), being the entire shareholding of UMW Holdings Berhad ("UMWH" or "Company") in UMW OG, to the entitled shareholders of UMWH.
Kindly be advised of the following : 
1)  The above Company's securities will be traded and quoted "Ex - Offer” as from: 3 Jul 2017
2)  The last date of lodgment : 5 Jul 2017

Posted by hewusana > 2017-06-20 22:38 | Report Abuse

I m not sure will rebound after ri Because other company no rebound so much.
If buy at 70cents not possible to rebound from 49cents to 70cents

Posted by offshore > 2017-06-21 08:03 | Report Abuse

Umw will give out their umwog share no matter what. This will pass the buck to pnb on saving umwog.

Posted by Andrew62 > 2017-06-21 15:53 | Report Abuse

UMW -Buy TOYOTA LAST..

Posted by Cornerstone > 2017-06-21 16:04 | Report Abuse

really useless stock.. company losing money non stop...

Posted by bgt9963 > 2017-06-21 16:08 | Report Abuse

chirp chirp .....sale!

Posted by BillyK > 2017-06-22 08:29 | Report Abuse

continual losses every quarter
sigh...

Posted by Pmaster > 2017-06-22 13:28 | Report Abuse

Wont reboud in short terms , next month will drop more after the umw ( x ) give the share to shareholder , will furher down to 0.40 .

Posted by Pmaster > 2017-06-22 13:32 | Report Abuse

Some more the oil price will futher down to 35-40usd/b next month

Posted by stevenkhoo > 2017-06-22 14:07 | Report Abuse

if oil price below usd40, anyone subscribe the RI

Posted by Seng Thye Ng > 2017-06-22 14:13 | Report Abuse

all the oil snd gas......Raya sales better.....no way make profit..

Posted by xiaogumin88 > 2017-06-22 18:47 | Report Abuse

historical low today

Posted by hewusana > 2017-06-24 16:47 | Report Abuse

Big l lost

Posted by Lim Sc > 2017-06-24 16:53 | Report Abuse

Guys, when is RI closing date ?

Posted by chinkeong88 > 2017-06-25 11:45 | Report Abuse

This company is not good to investors continue invest.. the right issue offer 30sen saja.. one lot will get RI 2.8 lots@30sen..and every 4lot will free one warrants.. the news I read in past.. wat the fuxk company going..cheat investors money again?? Think yourself.. it is no longer with UMW company

Posted by chinkeong88 > 2017-06-25 11:48 | Report Abuse

After x, the price will b35 sen saja base on current 47.5sen

Posted by hewusana > 2017-06-26 20:44 | Report Abuse

Daily drop 1cents
Next month will reached this target.

Posted by Andrew62 > 2017-06-27 18:24 | Report Abuse

UMW -BUY TOYOTA LAST.

Posted by TakeProfits > 2017-06-27 22:28 | Report Abuse

Won't take up rights. What for. The contracts they getting are so small and won't make a difference in their P and L. Laughing stock. Longer term, they might play up the stock. But when is the question. Har har. I got out at right time, only got back capital. Sore lar.

Posted by Seng Thye Ng > 2017-06-29 12:13 | Report Abuse

most worst counter for O&G.........???

Posted by JoshuaMS7 > 2017-06-29 12:29 | Report Abuse

oil down it drop, oil up it also drop...

Posted by jack2 > 2017-06-29 12:29 | Report Abuse

based on market price, your ex right issue price is 34 cts, 4 cts above RI price. likely more selling pressure after RI
the free warrant price, your guess? 3 or 5 cts? one for 4, average not much to make?
not worth the effort

Posted by Seng Thye Ng > 2017-06-29 12:31 | Report Abuse

when RI ??

Posted by chinkeong88 > 2017-06-29 13:31 | Report Abuse

Invest to this company because of UMW. Now no more relationship... the RI make ppl think wat is the future in this company.. since wrong decision was made earlier, just cut loss for my pespective.. looking for others....

Posted by Jack_Lim80 > 2017-06-29 13:34 | Report Abuse

no more relatiionship means?

Posted by Jack_Lim80 > 2017-06-29 13:40 | Report Abuse

think will continue drop till 0.4

Posted by Seng Thye Ng > 2017-06-29 13:44 | Report Abuse

i agree...final same like KNM

Posted by nikicheong > 2017-06-29 13:47 | Report Abuse

This might represent a good buying opportunity if you have a long, long holding period. Buy the shares now, subscribe to the Rights Issue...then forget about it for 5 years. By end of five years I am sure the company will have returned to good profitability, share price probably at RM1++, making you a handsome 2.5X returns.

Short term, the currents are against it. But long term I think the company should improve.

Posted by bgt9963 > 2017-06-29 14:25 | Report Abuse

Sure or not....i afraid later it will be capital reduction plus rights issue and then free warrants to sweetened the deals...! My 2sens!

Posted by Seng Thye Ng > 2017-06-29 15:10 | Report Abuse

yes...i think.....sales mood....
can see if oil price up....but this counter never up

Posted by jack2 > 2017-06-29 16:15 | Report Abuse

5 yrs later, dun know whether the company is still there or merged and changed name
if oil price is around 45 and below